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20121205
20121213
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signed into law last year. >> his talks came after speaker of the house john boehner reported the talks are stalled. >> there is no progress to report. >> his democratic counterpart, pelosi, blames bangle they returned an -- blames boehner. >> they returned an empty letter lacking in specifics. >> federal income tax rates will go back up to the higher clinton era levels and long term unemployment benefits will dry up for over 2 million americans who have been out of work for six months or more. on friday bade boehner did not rule out a compromise on tax hikes for top earner, somewhere between 25% and the clinton era 36%. even if the two sides are making progress behind the scene, no one expects them to admit it until the last minute. but the office of management and budget has asked federal agencies for a list of possible cuts just in case there is no deal. cbs news, the white house. >> here is an economic indicator. there may be a boost going on in american business. a brisk holiday shopping season. that is under way right now. fedex is gearing up for its busiest day of the year a
enthusiasm that follows a face-to-face meeting between president obama and house speaker john boehner. >> reporter: if lawmakers want to settle this in time for christmas, negotiators need to kick it into high gear next week. they must reach an agreement by early next week at the latest. that's the only way that members will have enough time to read it, debate it, and vote on it in the house and senate before heading home for the holidays. in a now familiar routine, both sides blamed each other today for the slow pace of talks. the senate democratic leader harry reid. >> right now they are the only thing standing between congress and the compromise. >>> a spokesman said that in a statement, the respect offer made last week remains an offer as we continue to wait for the president to identify the spending cuts he's willing to make as a part of the balanced approach that he promised the american people. and the white house and the speaker office has not released a single detail about that meeting on sunday. they think that it's good news, a sign that will become serious just in time. cb
obama and house speaker john boehner may be working on a deal privately. the associated press says the two have been talking secretly by telephone. among the proposals the white house may agree to less tax revenue but the speaker still wants to see what cuts the president will make. publicly neither side is giving away anything right now. >> we're still waiting for the white house to identify what spending cuts the president willing to make as part of the balanced approach that he promised the american people. >> what is required is, you know, agreement by republicans to some specific revenues that includes raising rates. >> and right now there is no indication the president is willing to compromise on his insistence that tax rates for the highest earners must go up. >> protests over michigan's right to work legislation carried into the night. earlier demonstrators were outside and inside the capitol as michigan's house passed the bill the senate approved earlier. protesters demand the governor veto the bill. >> i appreciate they have a different perspective. but this is the right
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